The decline (and end?) of mass market advice

What will a sensible client pay for good financial advice? I do not doubt this is a hot button issue for anyone working in the financial services industry – indeed, I have asked this question many times before in this column, usually with a cautiously optimistic response. My view had been that, when push comes to shove, most sensible investors will eventually pony up to avoid making catastrophic mistakes with their lifetime savings. Yet, as the months go by, I am not so sure anymore. Maybe, just maybe, most investors really are far from sensible and, come 2013, they will collectively ...